About Newsela
Newsela is a company based in New York (United States) founded in 2013. Newsela has raised $172.73 million across 7 funding rounds from investors including Kleiner Perkins, Franklin Templeton and The Chan Zuckerberg Initiative. Newsela has completed 3 acquisitions, including Formative, Generation Genius and HapYak. Newsela offers products and services including Newsela ELA, Newsela Social Studies, Newsela Science, and Formative.
- Headquarter New York, United States
- Stage Unicorn
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Sectors
Education
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Newsela, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$172.73 M (USD)
in 7 rounds
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Latest Funding Round
$100 M (USD), Series D
Feb 25, 2021
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Investors
Kleiner Perkins
& 31 more
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Employee Count
Not available
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Investments & Acquisitions
Formative
& 2 more
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Products & Services of Newsela
Newsela offers a comprehensive portfolio of products and services, including Newsela ELA, Newsela Social Studies, Newsela Science, and Formative.
Platform for content-rich literacy instruction and student outcomes
Resources for preparing students with relevant content
Integrates science and literacy for engaging learning
Tool for real-time insights and collaborative assessments
People of Newsela
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Software Development Team
21 people
Product Management Team
11 people
Leadership Team
7 people
Human Resources and Administration
6 people
Sales and Marketing
6 people
Creative and Marketing Team
3 people
Principal Team
2 people
Data Analysis and Operations Team
2 people
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Funding Insights of Newsela
Newsela has successfully raised a total of $172.73M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $100 million completed in February 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Newsela
Newsela has secured backing from 32 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Kleiner Perkins, Franklin Templeton and The Chan Zuckerberg Initiative.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is invested in global technology companies by TCV.
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Investments in edtech companies are made by Owl Ventures.
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Venture capital firm focused on multiple sectors
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Locked | Locked | Locked |
Investor details for Newsela
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Investments & Acquisitions by Newsela
Newsela has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Formative, Generation Genius and HapYak.
Investment portfolio details for Newsela
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Science learning resources are provided for children and schools.
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Locked | Locked | 2017 | Locked | |
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Online platform offering real-time instruction tools for educators
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Locked | Locked | 2013 | Locked | |
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Interactive Video platform
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Locked | Locked | 2012 | Locked |
Complete acquisition details for Newsela
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Financial Statements - Newsela
Detailed financials for Newsela
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Newsela Comparisons
Peer comparison for Newsela
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Competitors of Newsela
Detailed competitors of Newsela
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Latest news on Newsela
Complete news archive for Newsela
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Frequently Asked Questions about Newsela
Newsela was founded in 2013.
Newsela is headquartered in New York, United States. It is registered at New York, New York, United States.
Newsela is a funded company, having raised a total of $172.73M across 7 funding rounds to date.
Newsela was founded in 2013 and is headquartered in New York, United States. An online platform is operated in the education technology sector, where instructional materials are provided to educators for enhancing student engagement. Solutions are offered for schools and students across subjects including social studies, science, and essentials. Additional resources such as study guides, webinars, research reports, and distance learning tools are also made available.
Newsela offers Newsela ELA, Newsela Social Studies, Newsela Science, and Formative.
Newsela has made 3 acquisitions, including Formative, Generation Genius, and HapYak.
Newsela has 32 investors. Key investors include Kleiner Perkins, Franklin Templeton, The Chan Zuckerberg Initiative, Techstars, and Knight Foundation.
The valuation of Newsela is $1B as of Feb 2021.